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Musk Labels BOB Token a Scam, Twitter Suspends Account
HomeNewsMusk Labels BOB Token a Scam, Twitter Suspends Account

Musk Labels BOB Token a Scam, Twitter Suspends Account

Daniela Kirova
Daniela Kirova
June 19th, 2023
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  • Account was linked to BOB meme coin; it's up 10% today
  • Crypto Twitter is calling to “free Bob"

Elon Musk labeled the AI-powered bot “Explain This Bob” a scam account, after which Twitter suspended it, Cointelegraph reported.

In a reply to the bot, Musk accused the account of being a scam in a tweet on June 18. Before it was suspended, the Explain This Bob account had more than 400,000 followers, allegedly. It was created by the Indian Prabhu Biswal and used GPT-4 to understand and respond to tweets by users who tagged the account.

Account was linked to Bob Token

The account was also connected to the meme coin Bob Token (BOB), introduced in April. The suspension has seemingly helped BOB. The liveBOB price todayis $0.000020 and the token has gained 9.39% in the last 24 hours according to Coinmarketcap. The description of the token on the platform reads:

Why even go see your doctor if you have Bob, your wife or husband are giving you trouble, see Bob. You have constipation, see Bob. You don’t know where you are going in life, see Bob.

Musk’s U-turn

Musk has seemingly done a U-turn. On April 20, he tweeted “I love Bob.” The tweet soon appeared on the project’s website.

Apart from the suspension, no action has been taken. The Bob Token team did not take the news seriously. However, Crypto Twitter has been rife with calls to “free Bob.” Many users don’t believe BOB is a scam because it was “fully decentralized” with zero tax. A Crypto Twitter user tweeted:

$BOB was not a scam coin, did nothing wrong and didn’t deserve to be terminated. The coin plummeted in response to Elon suspending their Twitter. I currently don’t hold any and was not impacted, but I know many friends that were. Sad day for meme coins.

Another user claimed the creators didn’t hold any tokens before BOB launched in April.

Contributors

Daniela Kirova
Writer
Daniela is a writer at Bankless Times, covering the latest news on the cryptocurrency market and blockchain industry. She has over 15 years of experience as a writer, having ghostwritten for several online publications in the financial sector.